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Yen’s Slump in Trade-Weighted Gauge Shows Its Broad-Based Drop

Bloomberg Markets Thursday 23 July 2026, 00:39 UTC By John Cheng 1 min read
Key Points

Yen’s Slump in Trade-Weighted Gauge Shows Its Broad-Based Drop While the yen’s plunge to a four-decade low against the dollar has dominated headlines, a broader gauge of the currency’s strength is sending an equally worrying signal for Japan. The Bank of Japan’s nominal effective exchange rate index — which measures the yen against a trade-weighted basket of currencies — has extended its slide to fresh record lows this year, reflecting the currency’s broad-based weakness against the euro,...

Yen’s Slump in Trade-Weighted Gauge Shows Its Broad-Based Drop While the yen’s plunge to a four-decade low against the dollar has dominated headlines, a broader gauge of the currency’s strength is sending an equally worrying signal for Japan. The Bank of Japan’s nominal effective exchange rate index — which measures the yen against a trade-weighted basket of currencies — has extended its slide to fresh record lows this year, reflecting the currency’s broad-based weakness against the euro, sterling and several Asian peers.
Yen (PERSON) Trade-Weighted Gauge (ORG) Drop Yen (PERSON) Japan (LOCATION) The Bank of Japan’s (ORG) Asian (ORG)
Originally published by Bloomberg Markets Read original →

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